September 2023

India. Around 90% regret not saving early for retirement, shows study

It is important to start saving early for retirement. In a recently-concluded study, it was revealed that a vast majority of people (90%) wish they had initiated retirement savings earlier, underscoring the significance of proactive financial planning. The study also revealed that Western India shows the least sense of security towards a peaceful retirement life compared to other zones. The India Retirement Index Study (IRIS), carried out by Max Life Insurance in partnership with Kantar, also revealed deep insights into the...

México. Próximo gobierno recibirá finanzas sin márgenes de maniobra, alerta CEESP

El Centro de Estudios Económicos del Sector Privado (CEESP) asegura que el próximo gobierno de México recibirá finanzas públicas sin márgenes de maniobra, sin recursos precautorios, un elevado déficit fiscal y fuertes compromisos de pagos. “El próximo gobierno recibirá unas finanzas públicas sujetas a diversos riesgos de insostenibilidad, sin márgenes de maniobra (sin recursos precautorios) y fragilidades por parte de los ingresos públicos, así como un elevado déficit fiscal y fuertes compromisos y necesidades de gasto público en los tres...

La mayoría mujeres y a cargo de al menos 640.000 dependientes: la realidad invisible de los cuidados en Chile

En Chile no se conoce la cifra exacta de personas que cuidan a otras, los cuidadores. Desde el Ministerio de Desarrollo Social aseguran que alrededor de 640.000 personas se declaran en situación de dependencia moderada o severa en el Registro Social de Hogares y, por ende, se estima una cifra similar de cuidadores. En noviembre de 2022, el Gobierno implementó una plataforma para el registro de cuidadores y, a julio de este año, 54.000 personas se han identificado como...

U.S. retirement assets continue increasing

U.S. retirement assets totaled $36.71 trillion at the end of the second quarter, according to data published recently by the Investment Company Institute. That marked the third straight quarterly increase after dropping to $32.81 trillion in September 2022. At the end of 2021, retirement assets were $39.73 trillion. Defined contribution assets totaled $10.23 trillion, up from the recent nadir of $8.96 trillion at the end of 2022's third quarter. The bulk, more than 70%, was placed in 401(k) plans. Defined benefit assets...

UK: Future Of Work | Understanding An Ageing Workforce

We recently launched our report on an Ageing Workforce. The report was produced by Censuswide, who surveyed 700 employees aged between 35-55 and working in different industry sectors across the UK. It explores areas including benefits, pensions, retirement planning, training and skillsets and offers employers a valuable tool in their planning for incentivising, supporting and retaining older employees. The ability to work on a flexible basis and from different locations (including overseas) continues to be an important benefit, and one...

AI in Investment Management: Separating Hype from Reality

Daily advances in artificial intelligence are leading some to herald it as the next frontier in asset management. AI can generate opportunity with new investment ideas and sources of alpha, as well as improve the risk management of existing quantitative models while creating new ones. But which developments are real and actionable, and which are simply noise? “What we’re seeing is, in a way, remarkable. The level of awareness of the technology has increased massively,” said Benjamin Roy, chief technology officer...

How The Backlash To ESG Can Create A Crisis For Companies

Companies should not be surprised when they face harsh criticism for doing what they think is the right thing, in the right way, and for the right reason. A case in point is efforts to implement environmental, social and government policies (ESG) in business and investing. What’s At Stake Given the divisive nature of society, people are more likely than not to have strong opinions—or outright and vocal opposition to the actions, decisions, and policies of companies and organizations. The backlash to ESG...

Jubilarse en LatAm: ¿cuáles son los peores y mejores países para hacerlo en 2023?

Los mayores mercados de Latinoamérica están entre los peores lugares para jubilarse en el mundo, si se evalúan los principales factores para que las personas disfruten de una jubilación saludable y digna, de acuerdo con los resultados del Índice Global de Jubilación de Natixis Investment Managers. Mientras la mayoría de los países desarrollados que participan en el Índice Global de Jubilación (GRI) experimentaron una mejora general frente al año anterior, los mercados latinoamericanos siguen rezagados en el listado. El GRI...

Alberta presents plan to exit Canada Pension Plan

Today, the Alberta government released a report detailing just how Alberta plans to exit the Canada Pension Plan — which would have ripple effects on all Canadians. The proposal would amount to Alberta removing more than $330 billion — or almost sixty percent — of the Canada Pension Plan’s assets. Since 1966, Canadians have confidently invested their retirement savings in the CPP. More than 650,000 Albertans are CPP beneficiaries, and Canada’s chief actuary reports that the CPP is sustainable for at...

Contraloría ordena a ministros Grau, Tohá y Orellana informar gira por reforma de pensiones

Contraloría dio 10 días hábiles a los ministros del Interior, Carolina Tohá, de la Mujer, Antonia Orellana, y de Economía, Nicolás Grau, además de las municipalidades de Viña del Mar y Quillota, para entregar un reporte sobre las actividades realizadas en el marco de la gira informativa sobre la reforma de pensiones. Según informó Radio Biobío, la decisión de la entidad se tomó luego de que la bancada de diputados y diputadas de Renovación Nacional (RN) presentara un oficio alertando...